Invesco's High Yield Bond Play Adds Over $.5 Billion - ETF Winners And Losers: Mid-Cap Fund Flows
Portfolio Pulse from Johnny Rice
Invesco Senior Loan ETF (BKLN) and iShares Expanded Tech-Software Sector ETF (IGV) have seen significant increases in net assets over the past week, adding $598.32 million and $189.95 million respectively. On the other hand, SPDR Bloomberg High Yield Bond ETF (JNK) and Materials Select Sector SPDR Fund (XLB) have seen a decrease in net assets, with XLB losing $504.13 million. BKLN and IGV have added $996.99 million and $611.22 million in net assets YTD, while JNK and XLB have lost $749.68 billion and added $288.5 billion respectively.
September 26, 2023 | 8:51 pm
News sentiment analysis
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POSITIVE IMPACT
Invesco Senior Loan ETF (BKLN) added $598.32 million in net assets over the past week and $996.99 million YTD.
The increase in net assets indicates a positive investor sentiment towards BKLN, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
iShares Expanded Tech-Software Sector ETF (IGV) added $189.95 million in net assets over the past week and $611.22 million YTD.
The increase in net assets indicates a positive investor sentiment towards IGV, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Materials Select Sector SPDR Fund (XLB) lost $504.13 million in net assets over the past week but added $288.5 billion YTD.
The mixed performance in net assets indicates a neutral investor sentiment towards XLB, which could potentially keep its price stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SPDR Bloomberg High Yield Bond ETF (JNK) lost $749.68 billion in net assets YTD.
The decrease in net assets indicates a negative investor sentiment towards JNK, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100